GGRO.TO vs. TPRF.TO

Last updated Jun 5, 2026

GGRO.TO (iShares ESG Growth ETF Portfolio) and TPRF.TO (TD Active Preferred Share ETF) are both exchange-traded funds - GGRO.TO is a Diversified Portfolio fund actively managed by iShares, while TPRF.TO is a Preferred Stock/Convertible Bonds fund actively managed by TD. Both are actively managed. Over the past 5 years, GGRO.TO returned 11.20%/yr vs 10.07%/yr for TPRF.TO. At a 0.24 correlation, their price movements are largely independent. GGRO.TO charges 0.25%/yr vs 0.50%/yr for TPRF.TO.

Performance

GGRO.TO vs. TPRF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Growth ETF Portfolio (GGRO.TO) and TD Active Preferred Share ETF (TPRF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GGRO.TO achieves a 11.48% return, which is significantly higher than TPRF.TO's 5.16% return.

GGRO.TO

• 1D: -0.04%
• 1M: 6.33%
• YTD: 11.48%
• 6M: 8.73%
• 1Y: 22.29%
• 3Y*: 18.93%
• 5Y*: 11.20%
• 10Y*: —

TPRF.TO

• 1D: 0.08%
• 1M: 1.09%
• YTD: 5.16%
• 6M: 6.46%
• 1Y: 17.31%
• 3Y*: 19.65%
• 5Y*: 10.07%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGRO.TO vs. TPRF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GGRO.TO iShares ESG Growth ETF Portfolio	11.48%	14.24%	20.48%	19.18%	-14.11%	15.52%	7.20%
TPRF.TO TD Active Preferred Share ETF	5.16%	18.21%	28.68%	5.53%	-11.31%	37.88%	14.45%

Correlation

The correlation between GGRO.TO and TPRF.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 15, 2020	0.24

GGRO.TO vs. TPRF.TO - Sectors Allocation Comparison

Sectors	GGRO.TO	TPRF.TO
Technology	27.5%	-
Financial Services	23.1%	53.9%
Industrials	7.0%	18.1%
Basic Materials	5.7%	4.6%
Consumer Cyclical	3.8%	-
Healthcare	3.7%	-
Real Estate	2.3%	-
Communication Services	2.3%	-
Consumer Defensive	2.2%	16.3%
Utilities	0.8%	-
Energy	0.0%	7.2%

Return for Risk

GGRO.TO vs. TPRF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGRO.TO

GGRO.TO Risk / Return Rank: 59
GGRO.TO Sharpe Ratio Rank: 56
GGRO.TO Sortino Ratio Rank: 55
GGRO.TO Omega Ratio Rank: 58
GGRO.TO Calmar Ratio Rank: 59
GGRO.TO Martin Ratio Rank: 65

TPRF.TO

TPRF.TO Risk / Return Rank: 96
TPRF.TO Sharpe Ratio Rank: 96
TPRF.TO Sortino Ratio Rank: 97
TPRF.TO Omega Ratio Rank: 97
TPRF.TO Calmar Ratio Rank: 94
TPRF.TO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GGRO.TO vs. TPRF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Growth ETF Portfolio (GGRO.TO) and TD Active Preferred Share ETF (TPRF.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GGRO.TO	TPRF.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.88	4.20	-2.32
Sortino ratio: Return per unit of downside risk	2.61	6.16	-3.55
Omega ratio: Gain probability vs. loss probability	1.35	1.91	-0.56
Calmar ratio: Return relative to maximum drawdown	2.89	6.98	-4.09
Martin ratio: Return relative to average drawdown	11.66	38.78	-27.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GGRO.TO vs. TPRF.TO - Sharpe Ratio Comparison

The current GGRO.TO Sharpe Ratio is 1.88, which is lower than the TPRF.TO Sharpe Ratio of 4.20. The chart below compares the historical Sharpe Ratios of GGRO.TO and TPRF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GGRO.TO	TPRF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	4.20	-2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	1.05	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.78	+0.30

Drawdowns

GGRO.TO vs. TPRF.TO - Drawdown Comparison

The maximum GGRO.TO drawdown since its inception was -22.13%, smaller than the maximum TPRF.TO drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for GGRO.TO and TPRF.TO.

Drawdown Indicators

	GGRO.TO	TPRF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.13%	-43.12%	+20.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.74%	-2.49%	-5.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.78%	-8.39%	-5.39%
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	-20.45%	-1.68%
Current Drawdown Current decline from peak	-0.66%	-0.31%	-0.35%
Average Drawdown Average peak-to-trough decline	-4.96%	-5.87%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	0.45%	+1.47%

Volatility

GGRO.TO vs. TPRF.TO - Volatility Comparison

iShares ESG Growth ETF Portfolio (GGRO.TO) has a higher volatility of 3.84% compared to TD Active Preferred Share ETF (TPRF.TO) at 1.18%. This indicates that GGRO.TO's price experiences larger fluctuations and is considered to be riskier than TPRF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGRO.TO	TPRF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	1.18%	+2.66%
Volatility (6M) Calculated over the trailing 6-month period	9.82%	2.66%	+7.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	4.14%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	9.67%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.57%	15.41%	-3.84%

GGRO.TO vs. TPRF.TO - Expense Ratio Comparison

GGRO.TO has a 0.25% expense ratio, which is lower than TPRF.TO's 0.50% expense ratio.

Dividends

GGRO.TO vs. TPRF.TO - Dividend Comparison

GGRO.TO's dividend yield for the trailing twelve months is around 1.38%, less than TPRF.TO's 4.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GGRO.TO iShares ESG Growth ETF Portfolio	1.38%	1.51%	1.62%	1.89%	1.69%	1.43%	0.83%	0.00%
TPRF.TO TD Active Preferred Share ETF	4.50%	4.36%	4.56%	5.74%	10.25%	8.28%	10.46%	9.90%

Frequently Asked Questions

Can I hold both GGRO.TO and TPRF.TO in my portfolio?

GGRO.TO and TPRF.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GGRO.TO or TPRF.TO?

On fees, GGRO.TO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGRO.TO or TPRF.TO?

GGRO.TO is cheaper with a 0.25% expense ratio, compared with 0.50% for TPRF.TO.

What is the main difference between GGRO.TO and TPRF.TO?

GGRO.TO is categorized as Diversified Portfolio, while TPRF.TO is Preferred Stock/Convertible Bonds. They also come from different issuers: iShares and TD. Their fees differ too: 0.25% for GGRO.TO and 0.50% for TPRF.TO.